Missed the May 2021 BTO? Not to worry, the next BTO launch will be in August 2021, which will have 4,940 flats being offered across seven projects in three mature and two non-mature estates. This will also be the biggest launch of the year, as HDB will launch around 3,100 to 3,600 units in November.
One of the projects in this August 2021 BTO launch will be at Queenstown, with 610 units of 3-room and 4-room flats up for grabs.
Here’s 99.co’s detailed review of the August 2021 BTO at Queenstown
Project name: To be announced
Location: Along Queensway
Classification: Mature estate
Number of units: 610 (3-room and 4-room flats), 230 units of which will be in a separate rental block
Number of blocks: To be announced
HDB’s estimated completion date: To be announced
Indicative price range:
HDB hasn’t announced the starting prices for this August launch yet. So here’s an estimation based on nearby resale transactions and launch prices from recent BTO launches.
|3-room||S$450,000 – S$550,000|
|4-room||S$650,000 – S$750,000|
Source: SRX. These estimations take into account property age and location. If a launch is nearer to an MRT or commercial development, it’s likely to be more expensive.
Given how Queenstown is one of the most popular estates, we expect this BTO to be the most oversubscribed project in this August 2021 launch. After all, we’re talking about an estate known for its high number of million-dollar flats. Plus, the last time there’s a launch here was nine years ago in November 2012 for Ghim Moh Edge.
Let’s dive into the pros and cons of the August 2021 Queenstown BTO project.
August 2021 Queenstown BTO — The Pros
- Queenstown MRT is around a 10-minute bus ride from the Queenstown BTO. So compared to a few projects in the August 2021 BTO launch, the MRT isn’t as accessible for residents.
- On the other hand, Queenstown MRT offers easy connectivity to other MRT lines. It will just be two stops to Circle Line, three stops to North East Line and four stops to Downtown Line.
- This also means that you can get to the CBD in five stops, and one-north in three stops if you’re working at one of these commercial districts.
- For drivers, Ayer Rajah Expressway (AYE) will just be a couple of minutes drive away.
Food and retail amenities
- IKEA, Queensway Shopping Centre and Anchorpoint are all within a five to 10-minute walk. Perfect for meatball lovers and bargain hunters!
- Or if you’re looking for hawker fare or are just too lazy to cook, there’s also Mei Ling Market and Food Centre within eight minutes walking distance.
- The nearest supermarket will be NTUC Fairprice at Stirling Road, which is just across the street.
- For those looking to have children, the good news is that there are a few childcare centres nearby.
- This includes Bridging Stars, The Little Skool-House and Maple Bear Playhouse. All three of them will be around a 15-minute walk.
- Another highlight about this Queenstown BTO is that Alexandra Hospital will just be across the street.
- Plus, a proposed health medical care centre will be built right next to it.
- In the meantime, for minor ailments, residents can head to Queenstown Polyclinic, which is eight minutes away by bus.
- If you’re lucky enough to secure a unit here, you can expect pretty high price appreciation here. After all, there’s been a lot of million-dollar flats sold in the vicinity over the years. Over the past one year alone, five units at the nearby Mei Ling Street have reached the million-dollar mark.
- But the high price appreciation isn’t just limited to 5-room flats or the rare flat types. For instance, a 4-room unit at Commonwealth Drive fetched S$880,000 in October last year.
August 2021 Queenstown BTO — The Cons
- The Queenstown BTO will definitely be one of the most oversubscribed projects in this launch, given the estate’s popularity.
- The high demand is also due to the fact that it’s been nine years since the last BTO launch here.
- In addition, Queenstown has one of the highest resale prices. For instance, its median resale price last month in May 2021 was S$750,000 — the second highest after the Central Area. So the high resale prices over the past few quarters may also drive more people to turn to BTO.
- But the application rate here will probably be not as high as that of the May 2021 Bukit Merah BTO.
- With the high resale prices and city-fringe location here, we won’t be surprised if this Queenstown BTO has the highest starting prices. It may even be around the same price range as the Bukit Merah BTO flats.
Type of flats
- Like the Kallang/Whampoa BTO — the other city-fringe BTO in this launch — only 3-room and 4-room units will be offered here. So it may not be suitable for those looking for more space or have a bigger family.
- While there are a few childcare centres nearby, the same cannot be said for schools. There aren’t a lot of options here. In fact, there aren’t any schools within 1km of the flats.
- The nearest schools — New Town Primary and Queensway Secondary — will be around 10 minutes by bus.
- Other schools in the vicinity include Queenstown Primary and Secondary, and Crescent Girls’.
- Likewise, there aren’t many recreational facilities in the area. The closest one will be Queenstown Swimming Complex and Stadium, which is a 10-minute bus ride away.
- If you’re a nature lover or have taken up hiking as a hobby (like many residents in recent months), Hort Park is around 15 minutes by bus. A little further are Kent Ridge Park and Southern Ridges.
What else we noted about the August 2021 Queenstown BTO
- The fire station will just be around 350 metres away from the Queenstown BTO flats. And there’s a Chinese Temple just across the street. So expect some level of noise once in a while.
- Right now, the healthcare facility next to the project is still being planned. So we don’t know if it will be built at the same time as the BTO or afterwards. If it’s built sometime later, residents, especially those in the east-facing stack, will have to be prepared for noise pollution.
- There’s also probably a lower chance of getting an unblocked view here. Looking at the URA master plan, the BTO will be surrounded by housing and healthcare facilities.
- If you manage to get the west-facing stack, you may be able to enjoy an unblocked view for a few years. As you can see in the latest master plan, the plot of land at the west side of the BTO is marked for residential. But it’s still subject to detailed planning. So it could be for another BTO or a condo.
Our verdict on the August 2021 Queenstown BTO
The Queenstown BTO is probably one of the most exciting BTO launches this year. We like the location as it’s very close to IKEA, Anchorpoint and Queensway Shopping Centre. It’s also where you can find lots of bargains. Besides these malls, healthcare facilities are also close by.
On the other hand, the MRT isn’t very accessible since it will take residents around 10 minutes to reach. At the same time, this BTO is in the city-fringe, so it gains a few plus points for its connectivity to other parts of the city.
In terms of location, the only downside is the lack of school options nearby.
August 2021 Queenstown BTO: Should you apply?
Expect very stiff competition since Queenstown is a very popular estate (yes, we know we’ve said it a few times in this article) and the last BTO here was nearly a decade ago.
If you really want to try your luck to secure a city-fringe BTO, you may want to ballot for the Queenstown BTO. With 610 flats to be offered here, it’s twice the number of units available at the Kallang/Whampoa BTO.
Otherwise, if you really, really want to secure a BTO flat in this launch, you might want to try elsewhere, like the Hougang BTO or Tampines BTO.
Will you apply for the August 2021 Queenstown BTO? Let us know in the comments section below.
If you found this article helpful, keep your eyes peeled for our reviews on the other August 2021 HDB BTO projects in the coming weeks.
Looking for a property to buy or rent? Find your dream home on Singapore’s largest property portal 99.co! If you have an interesting property-related story to share with us, drop us a message here – we’ll review it and get back to you.
The post HDB August 2021 BTO In-Depth Review: Queenstown appeared first on 99.co.